Retail experts are projecting that the pace of store closings will accelerate over the course of the next decade. Just last week American retail chain Radio Shack announced that it was going to close more than 1,000 stores.

NEW YORK – If you can't get enough “Avatar”, then break out the unobtainium: this is your lucky day. Sigourney Weaver has confirmed that director James Cameron is planning to film no less than three sequels to the blockbuster – at the same time.

Free batteries will be on tap at all U.S. Blockbuster stores on Christmas day, according to McKinney, Texas-based Blockbuster L.L.C., which is offering the batteries on a “while supplies last” basis from 12 noon to 10 p.m.

Toronto -
Today Netflix launched in Canada, the first time the Internet movie company has expanded outside the U.S. At a press conference CEO Reed Hastings said Canadians can access its library of streaming films for $8 a month.

Los Angeles -
As a way to restructure its $1 billion debt, the movie rental company Blockbuster has announced that it will file for bankruptcy in the middle of September. The company is planning a major overhaul of operations.

Blockbuster had one significant advantage over Netflix, and it was the free exchange of rental DVDs with the in-store movies from the nearby Blockbuster store. Today they changed that plan and allow only 5 free exchanges with the local Blockbuster store.